Answer:
$73.47
Explanation:
2.87 es el dividendo actual pagado (D0)
Utiliza eso para calcular los dividendos para los próximos 5 años;
D1 = D0(1+g); donde g es la tasa de crecimiento
D1 = 2.87(1.08) = 3.0996
D2 = 3.0996(1.08) = 3.3476
D3 = 3.3476(1.08) = 3.6154
D4 = 3.6154(1.08) = 3.9046
D5 = 3.9046(1.08) = 4.2170
Luego, calcula los flujos de efectivo terminales;
D6 (año 2024) = 4.2170 (1.03) = 4.3435
Calcula el valor presente de todos los dividendos utilizando una tasa de descuento del 8% con la fórmula; PV = FV/
PV(D1) = 2.87
PV(D2) = 2.87
PV(D3) = 2.87
PV(D4) = 2.87
PV(D5) = 2.87
PV del valor terminal; PV(D6 en adelante) =
= 59.1223
Suma los PV para hallar el valor por acción;
$2.87 +$2.87 +$2.87 +$2.87 +$2.87+ $59.1223 = $73.47
The equation for value created is the sum of hard and soft synergies minus transaction costs. M&A transaction equations capture the merging and acquisition dynamics, where 'value created' signifies earnings surpassing initial expectations. Synergies reflect enhanced efficiency from resource integration, resulting in combined valuations exceeding individual contributions. Hard synergies represent cost savings from shared resources while soft synergies arise from increased revenues. Transaction costs are the expenses linked to the merging and acquisition process.